The Following Data Represent the Recent Sales Price (In $1,000s)of

question 66

Multiple Choice

The following data represent the recent sales price (in $1,000s) of 24 homes in a Midwestern city. Suppose the data are grouped into five classes,and one of them will be "165 up to 190." -that is,{x;165 ≤ x < 190}.The frequency of this class is _____.

• A) 6/24
• B) 7/24
• C) 6
• D) 7

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Definitions:

Seasonal Index

A statistical measure that reflects the typical fluctuation of a variable (like sales or production) due to seasonal effects.

Monthly Series

A sequence of data points collected or recorded on a monthly basis, often used in statistics and economic forecasting.

Accumulation

Accumulation refers to the process of gradually collecting or gathering an increasing quantity of a particular substance, items, or data over time.